Good morning MP,
Nothing wrong with ambitious - my research suggests the following:
BRD drilling 2 wells per month, producing at 26 bopd (per their plan) - so exit June at rate of 1,300 for BRD only. Can't see it higher than that.
Add in exploration wells in Nash & Boling that are completed (& worked over) and guess is total becomes 1,500 - 1,600 for flowing bopd end June (avg prod will of course be lower).
Reserves is different and will grow quickly IMO.
This is a quality company & heavily leveraged to oil price - so right now isn't a good entry point (again IMO) for me. Next pullback in oil would signal entry, especially if it occurs before their reserves upgrade and Mar Qtrly.
GLTA
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Good morning MP,Nothing wrong with ambitious - my research...
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